Wistron Corp Correlations
| 3231 Stock | TWD 112.00 2.00 1.75% |
The correlation of Wistron Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Wistron Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wistron Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Wistron Corp and NYA is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wistron Corp and NYA in the same portfolio, assuming nothing else is changed.
Wistron |
The ability to find closely correlated positions to Wistron Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wistron Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Wistron Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Wistron Corp to buy it.
Moving against Wistron Stock
Related Correlations Analysis
| 0.76 | 0.31 | 0.13 | 0.61 | 4938 | ||
| 0.76 | 0.36 | 0.37 | 0.66 | 2382 | ||
| 0.31 | 0.36 | 0.43 | 0.65 | 2324 | ||
| 0.13 | 0.37 | 0.43 | 0.14 | 2356 | ||
| 0.61 | 0.66 | 0.65 | 0.14 | 2353 | ||
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Risk-Adjusted Indicators
There is a big difference between Wistron Stock performing well and Wistron Corp Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Wistron Corp's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 4938 | 1.38 | 0.31 | 0.18 | 0.46 | 1.35 | 2.82 | 13.54 | |||
| 2382 | 2.18 | 0.24 | 0.08 | (0.69) | 2.25 | 5.49 | 13.50 | |||
| 2324 | 1.39 | 0.04 | 0.01 | 0.16 | 1.90 | 2.46 | 14.99 | |||
| 2356 | 1.85 | (0.02) | 0.00 | 0.24 | 0.00 | 3.87 | 16.35 | |||
| 2353 | 1.68 | 0.23 | 0.11 | 0.73 | 1.69 | 4.91 | 14.63 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Wistron Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Wistron Corp Corporate Management
Elected by the shareholders, the Wistron Corp's board of directors comprises two types of representatives: Wistron Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Wistron. The board's role is to monitor Wistron Corp's management team and ensure that shareholders' interests are well served. Wistron Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Wistron Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Vincent Cho | General Manager-WSD CBG Business Group | Profile | |
| Mike Liang | Ex Division | Profile | |
| James Chou | General Manager-WSD Global Manufacturing | Profile | |
| Stone Shih | Chief Accounting Officer | Profile | |
| Donald Hwang | General Manager-CPBG Business Group | Profile | |
| Kenny Wang | General Plant Manager | Profile |
Already Invested in Wistron Corp?
The danger of trading Wistron Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Wistron Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Wistron Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Wistron Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Wistron Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Wistron Stock analysis
When running Wistron Corp's price analysis, check to measure Wistron Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wistron Corp is operating at the current time. Most of Wistron Corp's value examination focuses on studying past and present price action to predict the probability of Wistron Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wistron Corp's price. Additionally, you may evaluate how the addition of Wistron Corp to your portfolios can decrease your overall portfolio volatility.
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